Contingency Budgeting

Abstract

In times of fiscal stringency, budget formulators are often hard pressed to reduce expenditures. While the requirement to “cut costs” may initially provide the impetus for public sector managers to find better, more effective, and less expensive methods of achieving operational objectives, over the long run similar solutions will tend to be limited or nonexistent. Ultimately, the only acceptable option may be to reduce budgetary expenditures by eliminating allocations in various categories.

Citation

Eisner, J. (1991), "Contingency Budgeting", The Bottom Line, Vol. 4 No. 3, pp. 41-41. https://doi.org/10.1108/eb025297